Company lists
The Indore edition · 2026

High techcompanies in Indore

AI, chatbots, security, drones, smart city & IoT and more: the companies building high tech in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

59 company profiles19 with reported revenue4 with recorded fundingOctober 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent high tech business events in India

Funding, M&A, contract wins and launches involving 9,740 high tech companies in India, last 24 months: 186 funding rounds · 80 Contracts · 62 M&A deals · 60 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingPre-seed/Seed

Armatrix

The high-stakes fundraising talks have emerged less than four months after Armatrix successfully closed an oversubscribed $2.1 million pre-seed/seed round led by deeptech specialist pi…

Investors Pi ventures
Deeptech robotics
M&AAcquisition · Completed

Clayfin acquires Louie voice

Clayfin, a provider of digital banking and customer experience solutions for financial institutions, has acquired Louie Voice, providers of a voice banking platform that enables users to…

Voice banking platform
ContractService

Black legend capital · client: Garuda aerospace

The firm further assisted Garuda Aerospace in entering into a consulting agreement with California-based Black Legend Capital LLC for financial advisory, business development support,…

Financial advisory
ContractSupply

Fotokite · client: Garuda aerospace

In another cross-border mandate, the firm advised on an exclusive reseller agreement between Garuda Aerospace and Fotokite US LLC, under which Garuda was appointed as the authorised…

Drone technology
ContractSupply

Redington · client: Garuda aerospace

AMS Legal also advised on a distribution agreement with Redington Limited for the distribution of Garuda Aerospace products within India.

Drone technology
ContractDefense

Innomet Advanced Materials · client: Bharat dynamics

Simultaneously, the manufacturing firm expanded its footprint within the sovereign defense supply chain by solidifying a separate purchase agreement worth approximately ₹1.05 crore with…

Defense
ContractTechnology

Na · client: Garuda aerospace

The mandates included the preparation of a Request for Proposal (RFP) for Garuda Aerospace's proposed Drone-as-a-Service (DaaS) Platform, a project valued at approximately ₹1 crore.

Drone technology
FundingPre-Series A

Impensus Electronics

Deep tech startup Impensus Electronics has raised ₹16 million in a Pre-Series A funding round to support the expansion of its agricultural technology solutions aimed at reducing…

Investors angel investors associated with the Chennai chapter of Keiretsu Forum, IN44 Capital
Agricultural Technology
FundingSeed

Zerodrag

ZERODRAG, an IIT Delhi-incubated startup, announced it has raised $682K in seed funding.

ContractService

Lemon tree hotels · client: Sparsh

Lemon Tree Hotels has announced the mutual termination of its franchise agreement with Sparsh Inn LLP. The agreement, originally signed on 10 May 2024, was intended for the use of the…

Hospitality
FundingSeries A

Aurm

Aurm Raises ₹42 Cr in Series A Round Bank locker infrastructure startup Aurm has raised ₹42 crore in a Series A round co-led by Earth Fund and Sattva Ventures, with participation from…

Investors Earth Fund, Sattva Ventures, Prime venture partners, Magnifiq Capital Trust
Bank locker infrastructure
FundingSeries X

Optimized electrotech

Optimized Electrotech raised about $3.7 million to expand from defence systems into space‑based sensing technologies.

Investors Na
Deeptech
Funding

Ultrahuman

On the other hand, Ultrahuman continues to lead the health wearable space with a $48 million round, helping people track their metabolism in real-time.

FundingSeed

Ctruh

Ctruh, the deep-tech company building the infrastructure layer for the spatial internet, has raised $2.5 Million in a Seed funding round led by Inflection Point Ventures.

Investors Inflection point ventures, Avinya Ventures, India accelerator, Founder's Avenue
XR
FundingSeed

Ubiqedge

IoT startup Ubiqedge on Thursday raised ₹10 crore in a seed funding round led by Piper Serica, with participation from Atomberg co-founder and CEO Shibam Das and OTO co-founder and CEO…

Investors Piper Serica, Shibam Das, Sumit Chhazed
IoT
Funding

Optimized electrotech

Deeptech startup Optimized Electrotech has raised ₹35 Cr (about $3.7 Mn) in a funding round led by Exfinity Ventures, with participation from Blume Ventures, Mela Ventures and Venture…

Investors Exfinity Ventures, Blume ventures, Mela Ventures, Venture Catalysts Group Angel Fund
Space, defence, imaging
FundingMinority investment

Algo8

Chemelex has announced a minority investment in Algo8 to accelerate the adoption of artificial intelligence in manufacturing processes.

Investors Chemelex
Artificial intelligence, data analytics, and digital transformation solutions for enterprises
FundingSeries A

AARU

Aaru Raises $80M Series A for Synthetic Consumer and Political Research

FundingPre-Series A

Aliste technologies

Aliste Technologies Clean Tech - B2C $3.2 Mn Pre-Series A Big Global JSC, YourNest Venture Capital, Hbeon Labs Big Global JSC

Investors Big Global JSC, YourNest Venture Capital, Hbeon Labs
Clean Tech
FundingSeed

Intellithink

Intellithink Advanced Hardware & Technology Internet Of Things (IoT) & Hardware B2B $1.8 Mn Seed Pentathlon Ventures, Anicut Capital, Veltis Capital Pentathlon Ventures

Advanced Hardware & Technology
LaunchDSW UnifyAI OS

Data science wizards

Data Science Wizards has announced the continued advancement of its enterprise AI operating system, DSW UnifyAI OS, designed to help organizations, particularly in banking, financial…

Enterprise AI Operating System
Funding

Octobotics

Deals in 2026 so far include $28 million funding for Unbox Robotics, apart from investments in robotics hardware startup Armatrix as well as robotics inspection and maintenance company…

Robotics
M&AAcquisition · Announced

Exotel acquires Dubverse

Exotel has acquired the core team of voice AI startup Dubverse

Telecommunications
M&AAcquisition · Completed

Thermax acquires Exactspace

Thermax confirmed completion of its acquisition of a 35.83 percent stake in Exactspace Technologies Private Limited, taking its overall shareholding to 51 percent on a fully diluted basis.

ContractTechnology

Dubverse · client: Exotel

Exotel has acqui-hired the core team of voice AI startup Dubverse, including co-founders Anuja Dhawan and Varshul Gupta, to focus on conversational intelligence.

Voice AI
FundingSeed

SatLeo Labs

Spacetech startup SatLeo Labs raises $5.5 mn in seed funding.

Funding

Bolna

Y-Combinator-backed Bolna raised $6.3 million,

Investors Y combinator
Voice AI
Funding

Sarvam ai

India’s homegrown artificial intelligence start-up, Sarvam AI, is close to raising $300 million to $350 million as it seeks to build a domestic player that can compete with leaders from…

Investors Bessemer venture partners, Nvidia, Amazon.com Inc, Prosperity7 Ventures
AI
LaunchSarvam 30B/105B Large Language Model

Sarvam ai

In February 2026, Sarvam launched 30-billion and 105-billion parameter models, along with text-to-speech, speech-to-text, and vision capabilities trained from scratch.

LLM
Funding

Proxgy

"Proxgy raised $210,000,"

Investors Na

High tech companies in Indore, by funding and team

Few high tech companies in Indore, Madhya Pradesh publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 59 active companies.

Showing 25 of 50

App-based platform offering a digital addressing system

Geographic information systems
US$2.50mSeed · Sep 2021
11-94% 12 mo to Mar 2024LinkedIn · Jul 2026
Subscription
5 yr2021
0none in 3 months · last posted Jul 2021

Provider of geospatial intelligence solutions

Drones
US$96kSeed · Jun 2024
49-31% vs previous recordLinkedIn · Jul 2026
Subscription
10 yr2016
0none in 3 months

Provider of robotic automation systems for sewer cleaning, street scavenging, and waste monitoring

Water and wastewater management tech
US$66kSeed · Apr 2024
9LinkedIn · Jul 2026
Subscription
5 yr2021
0none in 3 months · last posted Oct 2025

Provider of IoT stack

Internet of things infrastructure
US$12kSeed · Mar 2024
—Not available
Commission on transaction / E-commerce - service
4 yr2022
0none in 3 months

Provider of cloud-based data loggers for IoT applications

Iot applications
—None recorded
324LinkedIn · Jul 2026
E-commerce - product / Physical commerce
43 yr1983
0none in 3 months · last posted May 2026

Provider of ICT, e-governance, and smart city solutions

Smart cities
—None recorded
31-4% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Developer of AI-powered web inspection systems for textiles and other materials

Packaging tech
—None recorded
40LinkedIn · Jul 2026
Subscription / Fee-for-service
8 yr2018
1postings · last posted Aug 2026

Gen-AI contact centre for enterprises

Customer service software
—None recorded
24LinkedIn · Jul 2026
Subscription
3 yr2023
0none in 3 months

Develops AR & VR content for enterprises

Real estate it
—None recorded
39-98% vs previous recordLinkedIn · Jul 2026
Advertising / E-commerce - service
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of robots for material management

Manufacturing tech
—None recorded
—Not available
Fee-for-service
4 yr2022
0none in 3 months

Platform providing customer experience and support tools

Marketingtech
—None recorded
10LinkedIn · Jul 2026
Subscription
8 yr2018
0none in 3 months

Provider of AI-based video, sound, and data analytic solutions for smart cities

Big data analytics
—None recorded
23LinkedIn · Jul 2026
Fee-for-service
7 yr2019
0none in 3 months · last posted Jun 2026

Provider of AI-based solutions for facility and traffic management

Smart cities
—None recorded
15LinkedIn · Jul 2026
Subscription
8 yr2018
1postings · last posted Aug 2026

Developer of a platform for AI model management and deployment

Ai infrastructure
—None recorded
29LinkedIn · Jul 2026
Subscription
2 yr2024
0none in 3 months · last posted Apr 2026

Provider of a subscription-based platform for family safety

Security & surveillance technology
—None recorded
—Not available
Subscription
4 yr2022
0none in 3 months

Provides aerial photography & surveying services using drones

Drones
—None recorded
12LinkedIn · Jul 2026
Fee-for-service
12 yr2014
0none in 3 months

Developer of a private large language model platform for enterprises

Chatbots
—None recorded
4LinkedIn · Jul 2026
Subscription
3 yr2023
0none in 3 months · last posted Apr 2026

Provider of multi-utility drone services

Drones
—None recorded
—Not available
Fee-for-service
5 yr2021
0none in 3 months

Provider of AI-powered writing assistant

Customer service software
—None recorded
—Not available
Subscription
5 yr2021
0none in 3 months

Manufacturer of electronic & RFID locks

Smart homes
—None recorded
13LinkedIn · Jul 2026
E-commerce - product / Physical commerce
10 yr2016
0none in 3 months

Developer of an AI-powered platform for software development and delivery

Ai infrastructure
—None recorded
—Not available
Subscription
1 yr2025
—No postings tracked

Visualization and planning tool for Smart Cities

Smart cities
—None recorded
1LinkedIn · Jul 2026
E-commerce - product / Physical commerce
10 yr2016
—No postings tracked

Manufacturer of tactical drones and developer of educational learning software

Drones
—None recorded
—Not available
E-commerce - product / Physical commerce
8 yr2018
0none in 3 months

Provider of a platform offering access to multiple artificial intelligence models

Ai infrastructure
—None recorded
2LinkedIn · Jul 2026
Subscription
1 yr2025
0none in 3 months

Provides 3D Printed miniatures, replicas and other accessories

3d printing
—None recorded
—Not available
E-commerce - product / Physical commerce
8 yr2018
0none in 3 months
50 of 59 companies shown here · the full list is on Radar
Fliar Radar

Explore all 59 high tech companies in Indore on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

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Explore high tech companies in Indore by what you are looking for

Discover high tech companies in Indore working on AI, drones, surveillance and smart city technology. Browse top high tech companies in Indore, high tech startups in Indore and the firms that are hiring.

7 ways to explore high tech in Indore

AI & generative AI companiesChatbots & customer service softwareSecurity & surveillance technologyDrone & mapping companiesSmart city, IoT & automationHigh tech startups in Indore

AI & generative AI companies

Companies building AI platforms, chatbots and language models.

  1. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  2. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  3. AndAIHub

    Developer of a platform for AI model management and deployment

    Ai infrastructure
    See in list
  4. FeatureFlow

    Developer of an AI-powered platform for software development and delivery

    Ai infrastructure
    See in list
  5. Lumio AI

    Provider of a platform offering access to multiple artificial intelligence models

    Ai infrastructure
    See in list

Chatbots & customer service software

Conversational AI, contact center and sales automation tools.

  1. Nextel

    Platform providing customer experience and support tools

    Marketingtech
    See in list
  2. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  3. Textify

    Provider of AI-powered writing assistant

    Customer service software
    See in list
  4. NineBit Computing

    Developer of a private large language model platform for enterprises

    Chatbots
    See in list
  5. PreCallAI

    Sales automation platform leveraging generative AI

    Customer service software
    See in list

Security & surveillance technology

Video surveillance, smart locks and safety technology providers.

  1. Tuchware

    Manufacturer of electronic & RFID locks

    Smart homes
    See in list
  2. Smarg Technologies

    Provider of AI-based solutions for facility and traffic management

    Smart cities
    See in list
  3. Bitvivid Solutions

    Provider of AI-based video, sound, and data analytic solutions for smart cities

    Big data analytics
    See in list
  4. FamConnect

    Provider of a subscription-based platform for family safety

    Security & surveillance technology
    See in list
  5. CAMSEC.AI

    Provider of a cloud-based AI surveillance system for enterprises

    Security & surveillance technology
    See in list

Drone & mapping companies

Drone makers, GPS tracking and geospatial mapping providers.

  1. Yolax Infranergy

    Provides aerial photography & surveying services using drones

    Drones
    See in list
  2. DronaMaps

    Provider of geospatial intelligence solutions

    Drones
    See in list
  3. Soaring Aerotech

    Provider of multi-utility drone services

    Drones
    See in list
  4. Pataa

    App-based platform offering a digital addressing system

    Geographic information systems
    See in list
  5. Bharat Robotics & Automation

    Manufacturer of multi-utility commercial drones

    Drones
    See in list

Smart city, IoT & automation

Smart city, IoT platforms, robotics and industrial automation companies.

  1. Appalto

    Provider of cloud-based data loggers for IoT applications

    Iot applications
    See in list
  2. Brain Above

    Provider of ICT, e-governance, and smart city solutions

    Smart cities
    See in list
  3. Airi-Sense

    Provider of robots for material management

    Manufacturing tech
    See in list
  4. Smarg Technologies

    Provider of AI-based solutions for facility and traffic management

    Smart cities
    See in list
  5. Bitvivid Solutions

    Provider of AI-based video, sound, and data analytic solutions for smart cities

    Big data analytics
    See in list

High tech startups in Indore

Recently founded technology companies in Indore.

  1. Voiceowl

    Gen-AI contact centre for enterprises

    Customer service software
    See in list
  2. Airi-Sense

    Provider of robots for material management

    Manufacturing tech
    See in list
  3. Soaring Aerotech

    Provider of multi-utility drone services

    Drones
    See in list
  4. Arc Robotics

    Provider of robotic automation systems for sewer cleaning, street scavenging, and waste monitoring

    Water and wastewater management tech
    See in list
  5. AndAIHub

    Developer of a platform for AI model management and deployment

    Ai infrastructure
    See in list
30 companies in Indore

High tech companies hiring in Indore

Technology employers with open roles right now.

  1. Appalto

    Provider of cloud-based data loggers for IoT applications

    Iot applications
    See in list
  2. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  3. Smarg Technologies

    Provider of AI-based solutions for facility and traffic management

    Smart cities
    See in list
  4. Arc Robotics

    Provider of robotic automation systems for sewer cleaning, street scavenging, and waste monitoring

    Water and wastewater management tech
    See in list
  5. Bitvivid Solutions

    Provider of AI-based video, sound, and data analytic solutions for smart cities

    Big data analytics
    See in list
10 companies in Indore
Mobile reach

Top 3 high tech apps from Indore

The most-installed Android apps published by high tech companies headquartered in Indore — 16K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
1

Nextel Tracker

by Nextel

Installs8K
Rating—
Last updatedOct 2025
View on Google Play ↗
Nextel Tracker screenshot 1Nextel Tracker screenshot 2Nextel Tracker screenshot 3Nextel Tracker screenshot 4Nextel Tracker screenshot 5Nextel Tracker screenshot 6
The business behind the activity

High tech financials in Indore

Revenue, profit and growth from the filed annual accounts of 17 high tech companies in Indore, Madhya Pradesh for FY24-25 — 18 of the 59 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 97% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹298.10 cr

17 companies filing accounts

combined net profit₹26.24 cr

8.8% aggregate margin

are profitable71%

12 of 17 companies

median revenue~₹1.1 cr

the typical company

median revenue growth+33%

into FY24-25

earned by the top five97%

revenue concentration

Six-year view

Combined revenue of filing companies

₹116.31 crFY19-209 filers
₹111.20 crFY20-2110 filers
₹167.87 crFY21-2211 filers
₹222.55 crFY22-2312 filers
₹277.77 crFY23-2416 filers
₹298.10 crFY24-2517 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 12 companies over three years

+33%
FY22-23₹222.55 cr₹23.87 cr net
FY23-24₹274.99 cr₹27.59 cr net
FY24-25₹295.42 cr₹26.37 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr850% profitable
₹1–10 cr683% profitable
₹10–100 cr2100% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking4
0–20%2
20–50%3
50–100%3
Doubled+4

16 companies with accounts for both years; median growth +33%.

Profitability

Profit is concentrated at the top

12profitable
5loss-making
8.8%aggregate margin
0.7%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Yolax InfranergyYOLAX INFRANERGY PRIVATE LIMITED+69%₹56.69 cr
AppaltoAPPALTO ELECTRONICS PRIVATE LIMITED+7%₹97.84 cr
Eagle Techsec CommunicationsEAGLE TECHSEC COMMUNICATIONS INDIA PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
AppaltoAPPALTO ELECTRONICS PRIVATE LIMITED16.8%₹97.84 cr
Eagle Techsec CommunicationsEAGLE TECHSEC COMMUNICATIONS INDIA PRIVATE LIMITED
Yolax InfranergyYOLAX INFRANERGY PRIVATE LIMITED4.9%₹56.69 cr
Leaders

Largest high tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Eagle Techsec CommunicationsEAGLE TECHSEC COMMUNICATIONS INDIA PRIVATE LIMITED
AppaltoAPPALTO ELECTRONICS PRIVATE LIMITED₹97.84 cr₹16.42 cr16.8%+7%
Yolax InfranergyYOLAX INFRANERGY PRIVATE LIMITED₹56.69 cr₹2.77 cr4.9%+69%
Brain AboveBRAIN ABOVE INFOSOL PRIVATE LIMITED₹8.16 cr₹71.35 lakh8.7%+29%
Robro SystemsROBRO SYSTEMS PRIVATE LIMITED₹4.68 cr₹47.01 lakh10.1%+135%
NextelNextel Advertising Private Limited₹2.32 cr₹0.58 lakh0.2%+28%
VoiceowlVOICEOWL BOT PRIVATE LIMITED₹1.40 cr₹24.90 lakh17.8%>10×
DronaMapsDRONAMAPS PRIVATE LIMITED₹1.38 cr−₹64.79 lakh-47.0%+165%
TuchwareTUCHWARE TECHNOLOGIES PRIVATE LIMITED₹1.10 cr₹0.64 lakh0.6%+36%
Airi-SenseAIRI SENSE TECHNOLOGIES PRIVATE LIMITED₹70.10 lakh₹0.51 lakh0.7%-71%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

High tech funding and M&A across India

3,368 recorded equity rounds have gone to 9,740 high tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months116

US$1.04bn

equity rounds, last 24 months398

US$1.89bn

raised over five yearsUS$4.67bn

1,795 rounds in India

M&A deals, India62

last 24 months

Capital by year

Equity funding into high tech in India

amount rounds
$190m2018239
$396m2019277
$311m2020292
$583m2021363
$767m2022373
$700m2023342
$879m2024370
$781m2025267
$961m202680

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$878.77m across 370 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$70.10m269 rounds · median US$97k
SeedUS$1.06bn1,189 rounds · median US$382k
Series AUS$1.18bn227 rounds · median US$4.00m
Series BUS$1.54bn65 rounds · median US$11.83m
Series CUS$527.91m34 rounds · median US$6.98m
Series D+US$288.77m11 rounds · median US$15.76m
Where the money went · five years

Most-funded sub-sectors

Cloud infrastructureUS$650.00m3 rounds · 1 companies
DronesUS$299.97m170 rounds · 66 companies
Military techUS$272.03m42 rounds · 14 companies
Ai infrastructureUS$241.64m56 rounds · 30 companies
Wearable technologyUS$234.24m50 rounds · 21 companies
Insurance itUS$206.98m8 rounds · 2 companies
Smart homesUS$188.21m34 rounds · 14 companies
Corporate activity · last 24 months

M&A in India

58Acquisition
4Merger

Most active acquirers

  1. Zen technologies7
  2. Blackstone3
  3. Thermax2
  4. Cms info systems2
  5. C.E. Info Systems Limited2

Most acquired or merged

  1. Neysa5
  2. Exactspace2
  3. Asimov robotics2
  4. Sparsh2
  5. Securens systems2

Each deal appears in the events strip at the top of the page.

High tech funding in Indore

4 high tech companies in Indore have recorded equity funding, US$2.67m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Indore

Meet the people behind high tech companies in Indore. 36 of 59 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore high tech companies by sub-sector

The most common specialisations among high tech companies in Indore. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring high tech in India and nearby markets.

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